L Brands Inc (NYSE:LB) – Stock analysts at Jefferies Financial Group decreased their Q4 2019 earnings estimates for shares of L Brands in a research report issued to clients and investors on Thursday, November 8th. Jefferies Financial Group analyst R. Konik now forecasts that the specialty retailer will post earnings of $1.73 per share for the quarter, down from their prior estimate of $1.74. Jefferies Financial Group has a “Sell” rating on the stock.

Several other research analysts also recently weighed in on the stock. Bank of America raised shares of L Brands from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $26.00 to $33.00 in a report on Tuesday, September 18th. Wells Fargo & Co raised shares of L Brands from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $55.00 in a report on Monday. ValuEngine raised shares of L Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research downgraded shares of L Brands from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Goldman Sachs Group assumed coverage on shares of L Brands in a report on Thursday, October 25th. They issued a “buy” rating and a $36.00 target price for the company. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.09.

NYSE:LB opened at $36.86 on Monday. The firm has a market capitalization of $10.04 billion, a PE ratio of 11.52, a P/E/G ratio of 1.25 and a beta of 0.33. L Brands has a one year low of $25.89 and a one year high of $63.10.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.92 billion. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. L Brands’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LB. Steward Partners Investment Advisory LLC raised its position in shares of L Brands by 23.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,231 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 1,578 shares in the last quarter. Malaga Cove Capital LLC raised its position in shares of L Brands by 3.2% during the 3rd quarter. Malaga Cove Capital LLC now owns 51,559 shares of the specialty retailer’s stock valued at $1,573,000 after buying an additional 1,603 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of L Brands by 15.7% during the 2nd quarter. Kovack Advisors Inc. now owns 11,836 shares of the specialty retailer’s stock valued at $437,000 after buying an additional 1,604 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of L Brands by 14.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,244 shares of the specialty retailer’s stock valued at $401,000 after buying an additional 1,661 shares in the last quarter. Finally, Norinchukin Bank The raised its position in shares of L Brands by 5.8% during the 3rd quarter. Norinchukin Bank The now owns 31,785 shares of the specialty retailer’s stock valued at $963,000 after buying an additional 1,734 shares in the last quarter. 73.23% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.51%. The ex-dividend date is Wednesday, November 21st. L Brands’s dividend payout ratio (DPR) is presently 75.00%.

About L Brands

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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Earnings History and Estimates for L Brands (NYSE:LB)

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